Brownsville, once again. I will never tire of coming down here, especially considering this is the 5th time in a row down here that I am getting detention pay. This trip I would have gladly turned around this morning and gone straight back up - I have business to conduct, namely, look at the rest of these properties on the tax lien sale in person.
I just finished going through the entire list - that took a while. The biggest lot for sale is 27 acres for 15 grand. Great price, but this property has been up for sale for quite a while. NO takers. Why? It is completely landlocked. The description from the realtor is that "owner is attempting to gain access". Good luck with that. Without paying for an easement, you have completely worthless property. I'm not fooled by this kind of thing. If someone buys it, they are going to be greatly disappointed. Only if they have money to pay a property owner a decent amount for an easement will they be able to access their property. Otherwise, it goes to the backburner and comes up again later this year, bidding starting at $30. Then I"d bid on it. Yes, because there are numerous properties surrounding it - all with the potential of being greedy enough to allow easement access for the right price.
What's more, you can see giant washes whenever it rains. It obviously floods out whenever we get a storm.
There's something like 20 houses on that list. Some of them have already been redeemed for the taxes owed. Many of them -- not yet anyway. Yes, I have the cash to buy any of them at starting bid, but buying another house isn't high on my priority list, as long time readers well know. I have 4 solid properties that I want to bid on. Well one of them I still need to go look at, it's out of the way - which doesn't bother me for the price tag - but I have to see if there's water and electric available.
On the houses, yes I"d get one of them if they bidding doesn't go too high, but I suspect this list will attract the people with deep pockets considering the large number of houses on there.
The tax lien sale is a secondary project. It's not priority at the moment and so, getting any thing off of there will have to go pretty cheap. One property in particular I will bid as high as I can go before I have to say no more. The one way out in the middle of nowhere possibly as well if there are utilities available.
Speaking of that, I will call the water company after this entry - providing an empty doesn't show up, the dispatcher said one is coming this morning (it's 10:30 am, I hope it comes soon so I don't have to be out late driving tonight). The power company will hook me up, they said that at least. The water company - who knows - but probably have to pay for the installation to the property is my guess.
Other than that? Nothing. I'm hungry, sitting in this yard since last night, but I don't feel like eating sandwiches. The big decision, lol: Leave and get something to eat or just sit here until I get so hungry, a sandwich starts to look appealing?
I'm going to - slightly - bug my realtor today about the property. She is pretty unhappy person and I hear the other realtor is too with this seller. I dunno, people get to that age they get set in their thinking. They're going to do things their way and if you don't like it? That isn't going to change anything. I'm referring to the seller, at 84 years old, he probably doesn't really care how long it takes, unless he's desperate for money for some reason. If that's true, my loan is ready and waiting. I guess it's a good thing that I don't have to worry about the loan going away for the 90 day period - which is slowly wasting away.
Whatever the case, I'll have to take a 34 hour reset after this trip. I was only 2 hours away from a reset when I started this trip. But I'm glad it didn't happen, it's possible that I will have to work straight up to the tax sale and that wouldn't work out too well. I need to see the properties I'm bidding on first, otherwise I won't bid on them. A few of the houses are starting low bid price. But who knows what condition they're in?
Alright enough of that. I think I'm going to get out of this truck, stand up and stretch and walk a little.
G'day
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